38,350 Shares in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 38,350 shares of the restaurant operator’s stock, valued at approximately $2,401,000. Quantbot Technologies LP owned approximately 0.10% of Dave & Buster’s Entertainment at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. boosted its position in shares of Dave & Buster’s Entertainment by 67.3% during the 4th quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 292 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in Dave & Buster’s Entertainment by 3.5% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 8,940 shares of the restaurant operator’s stock valued at $560,000 after purchasing an additional 300 shares during the last quarter. Principal Securities Inc. acquired a new stake in Dave & Buster’s Entertainment during the fourth quarter worth approximately $38,000. FSC Wealth Advisors LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter worth approximately $45,000. Finally, GAMMA Investing LLC acquired a new position in shares of Dave & Buster’s Entertainment in the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

Dave & Buster’s Entertainment stock traded up $1.14 during trading hours on Friday, reaching $40.33. 1,403,360 shares of the stock were exchanged, compared to its average volume of 1,250,499. Dave & Buster’s Entertainment Inc has a 52-week low of $33.07 and a 52-week high of $69.82. The stock has a market cap of $1.60 billion, a P/E ratio of 17.02 and a beta of 2.13. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.24 and a current ratio of 0.32. The firm’s 50 day moving average is $46.56 and its 200 day moving average is $53.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.44). Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The firm had revenue of $588.10 million for the quarter, compared to analysts’ expectations of $615.88 million. During the same period in the prior year, the company earned $1.45 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that Dave & Buster’s Entertainment Inc will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Loop Capital dropped their price objective on Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, June 14th. UBS Group cut their price target on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 12th. William Blair restated an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. StockNews.com raised shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Raymond James reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.71.

Insider Activity

In related news, CFO Darin Harper purchased 13,438 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were acquired at an average cost of $38.78 per share, with a total value of $521,125.64. Following the purchase, the chief financial officer now directly owns 35,598 shares in the company, valued at approximately $1,380,490.44. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.